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The two media companies started the process to merge back in 2021

Amid the political row over the Securities and Exchanges Bureau of India (SEBI) telling the Supreme Court that it had not been probing the Adani Group since 2016, the Finance Ministry on Monday said it stands by its July 2021 written reply in Parliament that had stated that the stock market regulator was investigating some Adani group companies. -- aaa

Supreme Court of India has ordered the Securities and Exchanges Bureau of India (SEBI) to probe into the allegations levelled by short-seller Hindenburg Research against Adani Group. -- aaa

The government of India on Monday told the Supreme Court that it is ready to follow the top court's suggestion of setting up a retired-judge-led committee to study the recent downfall in Adani Group shares after the publication of the Hindenburg Research report on 24 January 2023. Solicitor General Tushar Mehta told the court that the government will provide the court names of experts to be included in the committee in a

SEBI will be updating the Ministry of Finance this week on its probe into the Adani Group's withdrawn $2.5 billion follow-on public offering (FPO), Reuters reported quoting two sources familiar with the matter. SEBI board is scheduled to meet with Union Finance Minister Nirmala Sitharaman on 15 February 2023, said the report, adding that the market regulator will brief the minister on surveillance measures it took during the recent rout in Adani Group stocks. -- aaa